Industry News

Federal Per Diem Unchanged

The federal Internal Revenue Service has announced that the allowable per diem rate for meals and incidental expenses incurred by transportation employees away from home on travel will remain $59 a day – the current rate — for the next year. This amount serves as a sort of safe harbor for employers who maintain what the IRS terms “accountable plans” for the reimbursement of travel expenses to their employees, and for independent contractors who claim these expenses as deductions. IRS Notice 2012-63, issued September 26, 2012.